The real estate market in Jackson County in April slowed slightly as available housing inventory decreased, according to a report from F.C. Tucker.

Pending home sales decreased 26%, going from 50 in April 2022 to 37 in April 2023. This also is a 18.5% decrease in a year-to-date change, according to the report.

Bartholomew County also saw a decrease in pending home sales, showing a 25.2% decrease with 131 pending sales in April 2022 and 98 in April 2023.

Jennings County had the greatest decrease in pending home sales with 59.1%, nine fewer homes sold in April 2023 compared to April 2022, which had 22 pended sales.

Jackson County had the largest decrease in active listings in 2023 with a 36.1% decrease. Housing inventory went from 36 active listing in April 2022 to 23 active listings this April.

Bartholomew County saw a slight increase in active listing in 2023 compared to last year, going up 2.4% from 83 listings to 85.

On the other hand, Jennings County experienced a slight decrease in active listings compared to last year. The county experienced a 30% decrease in housing inventory, going from 20 active listings to 16 in April 2023.

However, many counties experienced an increase in average sale price of homes, according to the report.

In Jackson County, the average sale price for a home increased 10.1% in 2023, going up from $196,566 in 2022 to $216,359, a $19,793 difference.

There was a slight increase of 5.8% in average sale price of homes in Bartholomew County, going from $263,637 in 2022 to $278,927 in 2023.

Jennings County’s average sale price of homes increased 12.6% by going from $169,824 to $191,214.

According to data from the Indiana Association of Realtors, inventory is tightening, and buyers should know their budgets and prepare to be decisive.

However, more homes are listed for sale across the state now than in March or April of 2021 or 2022, according to the data report.

As the first quarter of 2023 wraps up, there has been a 12% decrease in closed home sales and new listings across the state of Indiana and a 6.5% increase in the median home sale price of $230,000, according to the report.

F.C. Tucker says for those who are interested in buying a home, the market now is at a less frenetic pace than the bidding wars of 2021 and 2022, giving buyers more bargaining power.